E Old Men, Value Companies

Image Source: CNC’s SEC Filing

CNC has disclosed to the SEC in its Q3 2020 filing that any cuts in defense spending or cuts in state budgets can adversely impact its profitability. It also fears that any delays in reimbursements can materially impact its operations.

Summing Up

I have just listed four companies managed by CEOs who are in their golden years.  None of the companies mentioned above are growth companies, which is the theme these days. Global investors are chasing growth stocks and Post-COVID-19 themes such as tech, semiconductors, online education, gaming, WFH, cloud, etc.

I too would avoid investing in these four companies despite them being very successful and profitable companies managed by experienced men who are in their twilight years, and although many investors prefer value over growth these days.

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Disclosure: I have no position in the stocks discussed, and neither do I plan to buy/sell it in the next 72 hours. I researched and wrote this article. I am not being compensated for it (other ...

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William K. 1 year ago Member's comment

Four examples of fairly old men running very successful companies. Certainly proof that it can be done by some people. But how old were they when the companies first took off and became quite profitable? Like many other talents and skills, their skills become better with practice. Sufficient practice does lead to improved skills, that holds in most fields, except competitive drinking, an area not on the path to success and prosperity. How nany folks aged 70 and over start a company that becomes a success? There is a big diffeence as I see it.